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Homes England has released the names of the eight housing associations that have just signed strategic partnerships with the government.
Platform Housing Group, Optivo, Southern Housing Group, Orbit, Thirteen, Vivid and a partnership of Guinness Partnership and Stonewater collectively received £653m in funding from the Affordable Homes Programme.
The allocations (see full details in box below) were announced yesterday by Philip Hammond when he presented his Autumn Budget to parliament, saying that the partnerships would deliver an additional 13,475 affordable homes by March 2022.
Although Mr Hammond announced that there would be partnerships with nine housing associations, Fortis Living and Waterloo Housing Group, which applied in their own rights, have recently merged to form Platform.
According to Homes England, the additional properties will include homes for social rent in “areas of high affordability pressures”.
The associations are those which applied for the first wave of allocations under Homes England’s programme of strategic partnerships, but were not chosen, and some that came forward since then.
Optivo secured £44.9m to build 1,000 homes outside London by March 2022.
Paul Hackett, chief executive, added: “This is the final bit in the jigsaw for us for public funding. We’ve got allocations now for 4,600 homes to March 2022. That’s a £195.5m allocation.
“It’s worked for us. It’s all about additionality. We’re very much about using the strategic partnership as a platform to deliver additionality. The important thing for us is we’ve now grant-backed our entire affordable housing to 2022, which has never happened before.”
The rest of Optivo’s allocation was from the Greater London Authority, so these 1,000 homes will be the only grant-funded homes the association will build outside the capital.
Mark Perry, chief executive of Vivid, said: “We’re pleased to be one of nine housing associations in the next wave of strategic partnerships with Homes England announced in today’s Autumn Budget.
“This brings £88.2m of funding to support the building of much-needed new homes for social rent and low-cost homeownership in Hampshire. This reinforces our approach to land-led development and will accelerate the rate of building new homes.”
The funds allocated in this round (see allocations below) follow the £590m allocated to eight strategic partnerships with housing associations in July.
Homes England revealed in August various criteria housing associations would have to sign up to in order to enter the second wave of its allocations.
This, however, is still part of the first wave of allocations.
Update: at 3pm on 31.10.18
This article was updated to include following confirmation of the allocations to each association
Under strategic partnerships, housing associations agree to increase their development programmes by a specified number of homes in return for extra funding for the government.
Unlike some other government funding programmes, they can use the new funding flexibly across their development programme, determining the tenure of affordable homes closer to completion following negotiations with Homes England.
The following housing associations were confirmed as strategic partners on 30 January 2019:
Housing association | Grant | No of additional starts to March 2022 |
---|---|---|
Bromford | £66.4m | 1,400 |
Curo and Swan | £51.1m | 1,067 |
Liverpool Mutual Homes and Torus | £66.4m | 1,757 |
Longhurst and Nottingham Community Housing Association | £71.7m | 1,685 |
Together Housing Group | £53m | 1,152 |
WHG | £38.7m | 1,000 |
Yorkshire Housing | £61.8m | 1,300 |
Your Housing Group | £87.5m | 2,315 |
Homes England announced the following partnerships in October 2018:
Housing association | Grant | No of additional starts to 31 March 2022 |
---|---|---|
Guinness/Stonewater | £224m | 4,500 |
Optivo | £44.9m | 1,000 |
Orbit | £128.8m | 2,762 |
Platform Housing Group | £71.8m | 1,800 |
Southern Housing Group | £55.1m | 1,005 |
Thirteen | £40m | 1,000 |
Vivid | £88.2m | 1,408 |
Table published by Homes England on 31 October 2018
Homes England also earlier this year confirmed the following partnerships:
Housing association | Grant | No of additional affordable starts to 31 March 2022 |
---|---|---|
EMH Group | £30.5m | 748 |
Great Places | £29.2m | 750 |
Home Group | £85m | 2,300 |
Hyde | £95.4m | 1,623 |
L&Q | £85m | 1,724 |
Matrix Partnership | £77m | 2,257 |
Places for People | £74m | 2,603 |
Sovereign/Liverty | £111.5m | 2,275 |
Table published by Homes England on 3 July 2018
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